Ducommun Incorporated (NYSE:DCO) Shares Acquired by Algert Global LLC

Algert Global LLC lifted its position in shares of Ducommun Incorporated (NYSE:DCO) by 12.1% during the second quarter, HoldingsChannel reports. The firm owned 21,355 shares of the aerospace company’s stock after purchasing an additional 2,301 shares during the quarter. Algert Global LLC’s holdings in Ducommun were worth $1,240,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DCO. PNC Financial Services Group Inc. raised its holdings in Ducommun by 658.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company’s stock valued at $100,000 after acquiring an additional 1,673 shares in the last quarter. EntryPoint Capital LLC raised its holdings in Ducommun by 323.9% in the first quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock valued at $129,000 after acquiring an additional 1,914 shares in the last quarter. Arizona State Retirement System acquired a new stake in Ducommun in the second quarter valued at $202,000. State Board of Administration of Florida Retirement System acquired a new stake in Ducommun in the first quarter valued at $274,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in Ducommun in the first quarter valued at $295,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DCO. StockNews.com raised shares of Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. The Goldman Sachs Group raised shares of Ducommun from a “neutral” rating to a “buy” rating and upped their price target for the company from $64.00 to $80.00 in a report on Tuesday, August 13th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $72.00 price target (up from $65.00) on shares of Ducommun in a report on Friday, August 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Ducommun presently has an average rating of “Buy” and a consensus target price of $71.00.

Insider Buying and Selling at Ducommun

In other news, CEO Stephen G. Oswald sold 1,200 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $66.32, for a total transaction of $79,584.00. Following the completion of the transaction, the chief executive officer now owns 341,151 shares in the company, valued at approximately $22,625,134.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Stephen G. Oswald sold 1,200 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $66.32, for a total transaction of $79,584.00. Following the completion of the transaction, the chief executive officer now owns 341,151 shares in the company, valued at approximately $22,625,134.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jerry L. Redondo sold 770 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $64.20, for a total transaction of $49,434.00. Following the transaction, the vice president now owns 63,826 shares of the company’s stock, valued at $4,097,629.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,270 shares of company stock worth $329,295 over the last 90 days. Insiders own 8.80% of the company’s stock.

Ducommun Stock Up 0.3 %

DCO stock opened at $65.33 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.06 and a quick ratio of 1.97. Ducommun Incorporated has a 1-year low of $43.03 and a 1-year high of $67.04. The firm has a fifty day moving average price of $63.79 and a two-hundred day moving average price of $58.90. The firm has a market cap of $961.40 million, a price-to-earnings ratio of 54.90 and a beta of 1.38.

Ducommun (NYSE:DCO) last released its earnings results on Thursday, August 8th. The aerospace company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.20. Ducommun had a net margin of 2.95% and a return on equity of 6.79%. The firm had revenue of $197.00 million during the quarter, compared to analyst estimates of $194.57 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Research analysts predict that Ducommun Incorporated will post 2.93 EPS for the current year.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.